Project Pulse Journal

OCTOBER 15, 2023

By: Dr. Michael Shick, MSPM, PMP, CSM Are you tired of navigating project management risks, constantly looking for the proverbial dangers that could derail your project's success? That's why understanding the strength of qualitative and quantitative risk analysis is vital.

Risk 40

Risk 2023 2017 Risk Management 40

Project Risk Coach

SEPTEMBER 12, 2022

And the Reference Materials include two new PMI® Standards: The Standard for Project Management (found in the PMBOK® Guide, Seventh Edition 2021 ) The Standard for Risk Management in Portfolios, Programs, and Projects (2019) So, why do these new standards matter? Why Take the Risk? Yes, the new standards. Become a PMI-RMP® - Join Now!

PMI 221

PMI 2022 2009 2021 221

Project Risk Coach

DECEMBER 14, 2020

The PMI Risk Management Professional (PMI-RMP)® is one of the eight PMI certifications. Individuals with this certification possess specialized knowledge and expertise in planning for risk management, identifying risks, evaluating risks, developing and implement risk responses, and monitoring risks.

PMI 259

PMI 2021 2009 2012 259

Inloox

JULY 11, 2017

Vice versa, if organizations do not react quickly to ameliorate the shortage, they risk a GDP loss of US $208 billion. million project-related jobs, but by 2017 there are already 65.9 Read the full report here: Project Management Job Growth and Talent Gap 2017-2027 trillion to the GDP of the 11 analyzed countries.

2027 116

2027 2017 PMI 2012 116

Rebel’s Guide to PM

SEPTEMBER 29, 2022

One for risk, one for escalations, one for changes, issues, new project kick-off, closure, logging dependencies… the list goes on and on. The risk there is that people make up their own processes to work around the edges of the formal policy, skipping steps because they are focused on keeping the momentum going on their project.

Process 371

Process PMO Risk Management Software Review 371

LiquidPlanner

MAY 11, 2017

To better understand how manufacturers practice project management, we surveyed more than 100 executives, engineers, and project managers, resulting in the 2017 State of Project Management in Manufacturing report. Work smarter, not harder” could be manufacturers’ motto in 2017. As we move into Industry 4.0,

Manufacturing 111

Manufacturing 2017 Lean Engineering 111

Rebel’s Guide to PM

APRIL 18, 2024

The project management apprenticeship standard has been around since 2017 and individual apprenticeships have evolved a lot since then, which is a good thing. In fact there are several, at various levels, depending on your entry point and your career goals. There are more options, and more organizations offering them.

Construction 293

Construction Engineering Certification Controlling 293

Project Pulse Journal

NOVEMBER 24, 2023

By: Dr. Michael Shick, MSPM, PMP, CSM Are you a project manager struggling to predict the risks in your projects accurately during planning? This is where Monte Carlo Simulation transforms the art of project risk management into a more precise science, as part of quantitative risk analysis.

Risk Management 52

Risk Management Risk Engineering Estimate 52

International Institute for Learning

APRIL 20, 2022

By Luigi Morsa , Aerospace Engineer and Project Manager, SII Engineering & IT Risk Management is the act or practice of dealing with risk. It includes planning for risk, assessing (identifying and analyzing) risk issues, developing risk handling strategies, and monitoring risks to determine how they have changed (Ref. [1]).

Risk 59

Risk 2003 Aerospace 2022 59

Strategy Execution | PMO Perspectives

APRIL 20, 2020

Ahead of its January meeting in Davos, the World Economic Forum published its Global Risks Report 2020, based on the input of 750 experts and outlining the biggest risks faced by economies over the next 10 years [1]. And if the WEF didn’t see a risk coming, then what hope do we have? Surely no-one could have predicted Covid-19?

2020 95

2020 Risk Risk Management Technical Review 95

Rebel’s Guide to PM

SEPTEMBER 24, 2023

PRINCE2® was released in 1996 and had major updates in 2009 and 2017. You should look at what happened on past projects because that helps mitigate risk on your current project. You can tailor to fit the project’s: Size Importance Environment Team culture Risk Complexity. You’ll record your risks is a risk log.

Prince2 351

Prince2 Technical Review Governance Government 351

Rebel’s Guide to PM

MAY 2, 2022

Consideration #2: Managing complex risk is all about balance. Portfolio management has a strong relationship with risk. In financial portfolios, the main objective is to diversify risk exposure so that in the event of loss the profits of other investments compensate the overall result.

Technical Review 350

Technical Review Risk Management Governance Government 350

Rebel’s Guide to PM

OCTOBER 4, 2017

1 March 2017 Nanette Bailey First draft. 15 March 2017 N Bailey Review by architect. 22 March 2017 N Bailey and F Jacobs Wider review by project team; section 6 updated (new dates). 28 March 2017 F Jacobs Final review by all stakeholders; project team comments incorporated. 14 April 2017 F Jacobs Issued.

Controlling 227

Controlling Software Review 2017 Technical Review 227

Online PM Courses

MAY 28, 2018

Risk response strategies are the basic ways you can handle project risks. In this article we’ll examine the risk response strategies you have available to you, what they mean, and when you should use them. Introducing Project Risk Management. The Risk Management Process. Planning your Risk Responses.

Risk 71

Risk Technical Review PMI Risk Management 71

Project Risk Coach

JANUARY 2, 2017

Approximately 42,000 visitors came to The Project Risk Coach in 2016, up from 33,000 visitors in 2015. Evaluating Risks Using Qualitative Risk Analysis – 1,993. 7 Things You Ought to Know About Identifying Risks – 1,786. How to Build a Risk Register – 1,060. Focus for 2017.

2016 191

2016 2017 2014 2015 191

The IIL Blog

MARCH 20, 2024

” – Steven Hawking (2017) “Robots will be able to write most books, scripts, and articles by 2025.” AI can help in risk assessment, resource allocation, and predicting project outcomes. There is a risk that AI systems may perpetuate or exacerbate biases and inequalities if not designed carefully.

Artificial Inteligence 88

Artificial Inteligence Technical Review 2030 2025 88

Strategy Execution | PMO Perspectives

MARCH 14, 2019

Although we face many uncertainties at all of these levels, both in terms of threats and opportunities, we can be confident that our corporate risk management structure enables us to understand the risks, and provides a framework within which acceptable risk may be managed in line with stakeholder expectations.

Risk Management 43

Risk Management Risk 2017 Technical Review 43

Rebel’s Guide to PM

JULY 1, 2020

And my research during winter 2017 shows that getting people involved in projects is still the most challenging part of getting work done. Research by Vidyard and Demand Metric reports that video converts better than any other content type. In other words, it shifts behavior. It gets people to buy or sign up or whatever.

2020 328

2020 Certification Prince2 2017 328

Project Risk Coach

JANUARY 1, 2019

Thank you for being a part of the Project Risk Coach Community. So, just how many of you came to the Project Risk Coach website in 2018? Year Visitors 2018 113,206 2017 57,560 2016 42,000 2015 33,000 2014 21,000 One of my 2018 goals was to have 75,000 people visit the Project Risk Coach website. Oh, what a year!

2018 150

2018 2019 2014 2015 150

Rebel’s Guide to PM

DECEMBER 17, 2017

With the PMBOK® Guide – Sixth Edition and PRINCE2 2017 both discussing tailoring more thoroughly than ever before, project managers have more flexibility to adapt project approaches to their environment. And my research during winter 2017 shows that getting people involved in projects is still the most challenging part of getting work done.

2018 251

2018 2017 Certification Prince2 251

Rebel’s Guide to PM

APRIL 28, 2022

Multitasking may work to achieve the output in mind at times, but it also has the risk of producing inconsistent results. As mentioned earlier, the brain gets a lot of input when you are multitasking so it gets exhausted more quickly and has a higher risk of burning out. A version of this article first appeared in 2017.

2017 358

2017 Risk Management Innovation Risk 358

Scrum.org

OCTOBER 8, 2022

I isolated the differences between the 2017 guide and the 2020 guide. LeSS supports the 2017 version of Scrum. The people in the Large Scale Scrum community have mostly aligned around the 2017 guide and officially, LeSS supports the 2017 version of Scrum. The teams need help to resolve some of these things.

SCRUM 180

SCRUM 2017 Software Review 2020 180

ProjectManager.com

FEBRUARY 29, 2024

Trello is a web-based kanban board, list-making application that’s a product of Trello Enterprises, a subsidiary of Atlassian to which it was sold in 2017. Let’s start with a look at Trello. What Is Trello? It was created in 2011 by Fog Creek Software. Trellis was the codename for the project.

Software Review 365

Software Review 2011 2024 Underperforming Technical Team 365

ProjectManager.com

MAY 19, 2022

You should have developed a risk management plan during the planning phase. Per the latest PMI Pulse of the Profession 2017, “C-suite continues to be largely focused on bridging strategy formulation and execution and tackling technology and business disruption.” This is part of managing your team , making sure they’re accountable.

Executing 503

Executing Project Life Cycle Software Review Technical Review 503

Digite

MARCH 22, 2017

For any column on your Kanban board, it helps you identify potential at-risk-of-delay or delayed cards in that column visually – so that as a team, you can track and manage them to closure with better control. The post SwiftKanban Product Update- February & March 2017 appeared first on Digité Blog. Subhajit Sengupta.

2017 60

2017 Defining Risk Management Agile 60

Rebel’s Guide to PM

MAY 13, 2022

If your message is not understood, that can put your project at risk. A version of this article first appeared in 2017. Project communication management is especially important, because we need people to understand what we are talking about and take the relevant action so they can engage their teams or do a particular task.

Technical Review 308

Technical Review 2017 Risk Management Communications Management 308

Herding Cats

MAY 10, 2019

Risk Management is essential for development and production programs. Risk issues that can be identified early in the program, which will potentially impact the program later, termed Known Unknowns and can be alleviated with good risk management. Effective Risk Management 2 nd Edition , Edmund Conrow, AIAA, 2003.

Risk Management 38

Risk Management Risk Technical Review 2002 38

Scrum.org

JULY 24, 2023

This approach provides fast feedback and reduces the risk of building something not valuable to customers. It helps keep the Product Backlog filled with well-defined and validated items, reducing the risk of wasting effort on unwanted features. Use it to validate assumptions and mitigate risk, especially in highly uncertain projects.

SCRUM 160

SCRUM Lean Innovation 2020 160

Kiron Bondale

OCTOBER 29, 2017

I’ve found project risk management to be one of the weakest performed PMBOK knowledge areas in most organizations, even for those companies whose operational risk management practices are very mature. But another major source of issues is the lack of meaningful response to identified, analyzed risks.

2017 159

2017 Risk Management Risk Process 159

ProjectManager.com

MARCH 29, 2019

There are many women globally leading initiatives to shine a spotlight on women, including one of the largest initiatives launched on Twitter in 2017 by Dr Kirstin Ferguson called #CelebratingWomen , which resulted in a book in 2018 called Woman Kind. Deloitte Access Economics – Westpac Diversity Dividend Report 2017.

Underperforming Technical Team 309

Underperforming Technical Team 2018 2017 2027 309

The IIL Blog

OCTOBER 24, 2023

Risk Management. Effective risk management has to be proactive. AI enables predictions that are more accurate than traditional software solutions in determining risk responses, probabilities, and their impact. During that time, technology improved, costs dropped and therefore the bottlenecks fell away. Active Assistance.

Artificial Inteligence 97

Artificial Inteligence 2023 Generative AI 2022 97

Herding Cats

MAY 11, 2019

This blog page is dedicated to the resources used to manage the risk encountered on software-intensive systems using traditional and agile development methods. Let's start with a critical understanding of the purpose of managing risk on software development projects. Risk Management is essential for development and production programs.

Risk Management 35

Risk Management Risk Technical Review 2002 35

ProjectManager.com

DECEMBER 6, 2018

PRINCE2 provides great control over project resources and excels at managing business and project risk more effectively. What are the reasons for the project, including risks and benefits and how they’ll be identified and resolved? There are four levels of certification in PRINCE2: PRINCE2 2017 Foundation. History of PRINCE2.

Prince2 232

Prince2 Software Review Certification 2017 232

Herding Cats

APRIL 4, 2019

In a recent exchange in social media, it was clear the notion of risk and the sources of risk, the consequences or risks and managing in the presence of risk was in very unclear, when it was conjectured , we can simply slice the work into small bits and REDUCE risk. . This is good, but it doesn't reduce risk.

Risk Management 43

Risk Management Risk 2003 2011 43

Project Pulse Journal

NOVEMBER 14, 2023

Risk Management is Integral: Within the project planning process, proactive identification and management of potential risks can save significant time, costs, and headaches down the line. Avoiding Pitfalls : Proper project planning helps foresee potential challenges and risks, ensuring proactive measures are in place.

Planning 52

Planning 2017 Risk Management 2009 52

Rebel’s Guide to PM

JUNE 28, 2021

PRINCE2 was released in 1996 and had major updates in 2009 and 2017. You should look at what happened on past projects because that helps mitigate risk on your current project. You can tailor to fit the project’s: Size Importance Environment Team culture Risk Complexity. You’ll record your risks is a risk log.

Prince2 197

Prince2 Governance Government Certification 197

Rebel’s Guide to PM

JANUARY 24, 2022

And my own research during winter 2017 shows that getting people involved in projects is still the most challenging part of getting work done. AI can accurately identify potential risks in a project and augment a project leader’s decision-making ability by analyzing data from multiple projects at the same time.”. What you can do.

2022 480

2022 PMO Risk Management Artificial Inteligence 480